Business EconomyPosted at: Jun 10 2026 6:35PM


Telangana's Singareni gets Rs 40 cr refund for successful closure of Dorli-2 Opencast Mine

Hyderabad, June 10 (UNI) The Singareni Collieries Company Limited (SCCL) has received approval for the refund of nearly Rs 40 crore, including accrued interest, from the Coal Controller Organisation (CCO) following the successful closure of the Dorli-2 Opencast Mine in Bellampalli Area in accordance with the Ministry of Coal's guidelines.
The refund is a recognition of the company's commitment to environmentally sustainable mining practices and its effective implementation of mine closure obligations, the state owned mining company said in a release here on Wednesday.
The company had deposited Rs 26.79 crore with the State Bank of India during 2013-14 as an escrow fund towards environmental protection measures, land reclamation, rehabilitation activities and other mine closure commitments mandated by the Ministry of Coal.
After seven years of coal production, the Dorli-2 Opencast Mine was closed during 2023-24. SCCL subsequently implemented all components of the approved Mine Closure Plan, including environmental restoration and rehabilitation measures.
To verify compliance, a third-party audit was conducted in July 2024 by the Indian Institute of Engineering Science and Technology (IIEST), Shibpur, West Bengal.
The audit confirmed that SCCL had fulfilled all mine closure obligations and complied with the prescribed environmental and statutory norms.
Based on the audit findings, the Coal Controller Organisation approved the refund of the deposited amount along with accumulated interest.
Deputy Assistant Coal Controller Akash Shiva Hare, in a recent communication, informed SCCL that 90 per cent of the refundable amount, amounting to Rs 36.63 crore, would be released immediately.
The remaining 10 per cent will be released after examination of provisions relating to Just Transition measures.
SCCL said the development reflects its commitment to balancing coal production with environmental conservation and sustainable mining practices.
The company stated that the refund also acknowledges its transparent implementation of environmental safeguards, land reclamation works and rehabilitation commitments undertaken throughout the life cycle of the mine.
The Singareni management expressed satisfaction over the decision, describing it as a significant endorsement of the company's efforts towards responsible and sustainable mining.
UNI KNR SAS
Please log in to get detailed story.
Tags: #Telangana's Singareni gets Rs 40 cr refund for successful closure of Dorli-2 Opencast Mine
More News

India's retail inflation rises to 4 38 per cent in June

13 Jul 2026 | 5:04 PM

New Delhi, Jul 13 (UNI) India's retail inflation increased to 4.38 per cent for the month of June, said government data released here today.

see more..

Satya Nadella coins 'Reverse Information Paradox', warns enterprises of AI knowledge leak

13 Jul 2026 | 3:14 PM

New Delhi, July 13 (UNI) As enterprises accelerate the adoption of artificial intelligence (AI), they risk giving away their most valuable proprietary knowledge to AI providers, Microsoft CEO Satya Nadella has warned, introducing a new concept he calls the "Reverse Information Paradox."
In a post on X, Nadella argued that in the AI era, businesses effectively pay for intelligence twice—first with money and then with something far more valuable: their proprietary knowledge.

see more..

Foreign selling in Indian equities likely over: Goldman Sachs

13 Jul 2026 | 1:43 PM

New Delhi, Jul 13 (UNI) Foreign selling in Indian equities is likely behind us, with sentiment expected to turn incrementally favourable as India's domestic outlook improves and overseas investor positioning remains exceptionally light, according to Goldman Sachs' July India Strategy note.

see more..

India-UK FTA gives Indian professionals 25pc salary relief: Piyush Goyal

12 Jul 2026 | 4:54 PM

New Delhi, Jul 12 (UNI) Indian professionals working in the United Kingdom on temporary assignments of up to five years will no longer lose nearly 25 per cent of their salary towards the UK's social security system, as the Double Contribution Convention Agreement comes into force on July 15 alongside the India-UK Free Trade Agreement (FTA), said Commerce and Industry Minister Piyush Goyal.

see more..

Market valuation of four top 10 firms rises over Rs 92,000 cr, led by HDFC bank and Airtel

12 Jul 2026 | 4:05 PM

New Delhi, Jul 12 (UNI) The market valuation of four of the top 10 firms increased by Rs 92,995.48 crore last week, with HDFC Bank and Bharti Airtel emerging as the key gainers.

see more..